SELF SUBSISTENCE FOR THE UNEMPLOYED To the Editor of THE
SPECTATOR.] Si,—An unfortunate slip seems to have come into the appre- ciative review of my Self Subsistence for the Unemployed in your issue of last week. It. is pointed out, in connexion with the monetary proposals, what havoc would result from a crude attempt to keep the wheat-price level from year to year, by issues of currency. AS the reviewer says, in language none too strong, any suggestion of such a thing would betray mere ignorance of economics. But my proposal- was to steady the price. of overage-year wheat; which, of course, is not to make it the, same price every year but the reverse ; that is to say, in a scarce year exactly as dear as it is sea- ree, and in an abundant year as cheap as it is abundant. I know. there are difficulties. But I should regret having seemed to propose anything obviously absurd.—! am, Sir, &e.,
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